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Feb 19, 2013
02/13
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economists say the rapid increase poses a threat to our fragile economy. joining me now oil industry analyst cnbc contributor john killbuck, thanks for joining me. >> good to be here. >> i heard it's be the blend. we're getting ready to switch to the summer blend and this is why. is that a legitimate reason here? >> you know, normally in past years it would. there's a certain time of year where that's happening. but what's really happening here, the refining industry is doing what the airline industry is doing and that's reducing capacity really massively. we lost over a million barrels of refining capacity just to shutdowns over the last year now. >> why would they voluntarily do these shutdowns? >> believe it or not, they weren't making enough money for themselves and they decided to get out of the business. i'm fearful normally i can tell you why, it has to deal with cutbacks by opec. war issues. this time, it may be different. this time we may not see the price break in coming months that i'd expect to happen because of demand at the pump. with the ref
economists say the rapid increase poses a threat to our fragile economy. joining me now oil industry analyst cnbc contributor john killbuck, thanks for joining me. >> good to be here. >> i heard it's be the blend. we're getting ready to switch to the summer blend and this is why. is that a legitimate reason here? >> you know, normally in past years it would. there's a certain time of year where that's happening. but what's really happening here, the refining industry is doing...
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Feb 21, 2013
02/13
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the country about and the economy again on the brink. hours before that self-imposed economic doomsday for us and the planet, the president announces that a deal has been struck. it was close and unpleasant, and it was all on purpose. that was july. by september, same year, another threatened government shutdown. this time it was the senate that had to find its way back from the edge of catastrophe, but they did it with something like 90 minutes to spare. then this past december, let's all go back to the brink. congressional republicans threatening an avalanche of tax hikes and other recession-inducing budget cuts. it's the fiscal cliff, look out! congressional republicans blew right past the new year's eve deadline and then after the sky was supposed to have fallen, a deal was made shortly thereafter to retroactively avert said disaster. remember all that? well, here we are again, back at the brink again. do brinks wear out if you use them too much? for the seventh time since winning the majority congressional republicans are holding th
the country about and the economy again on the brink. hours before that self-imposed economic doomsday for us and the planet, the president announces that a deal has been struck. it was close and unpleasant, and it was all on purpose. that was july. by september, same year, another threatened government shutdown. this time it was the senate that had to find its way back from the edge of catastrophe, but they did it with something like 90 minutes to spare. then this past december, let's all go...
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Feb 24, 2013
02/13
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we are in part where our economy is not recovered from a tremendous recession. where the president rightly used, as an opportunity to try to rebuild the economy, invest in renewable energy, which is incredibly important. now, trying to figure out how in the context of incredible, real pain that real people are feeling on the job market, most of how people are seeing keystone is in this frame of jobs. jobs, jobs, jobs. >> you end up with 69% of the people supporting. >> the part of the conversation that's not happening to your point about information is if we invest, it's 1.9 million jobs compared to 20,000 keystone will create. what are the jobs going to produce in terms of our communities? i would rather see the energy that ensures our kids aren't getting cancer and asthma rates are not increasing and that, you know, one of the biggest contributors to the deficit is health care costs. when you think of the big problems we are trying to solve in the country, we are not talking about whether or not keystone is good or bad for 20,000 jobs. the impact on health, co
we are in part where our economy is not recovered from a tremendous recession. where the president rightly used, as an opportunity to try to rebuild the economy, invest in renewable energy, which is incredibly important. now, trying to figure out how in the context of incredible, real pain that real people are feeling on the job market, most of how people are seeing keystone is in this frame of jobs. jobs, jobs, jobs. >> you end up with 69% of the people supporting. >> the part of...
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Feb 16, 2013
02/13
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these are the jobs that growing in our economy. you know. the good paying jobs of yesterday have gone and a lot of them are not coming back. the public sees all of this. and so they -- that's why they support raising the minimum wage by so much. where is the opposition? you know. it is with lawmakers. >> also, interest groups. >> yes. let me say i was doing a lot of reading on minimum wage and sort of where people fall on this. i could probably, you know, yesterday i saw -- talking to an economist who was telling me -- he's not really republican or democrat. he was just -- telling me that when you raise the minimum wage, then inflation goes up. then you raise the minimum wage and inflation goes up and you raise the minimum wage. i said well, how does that affect -- well, let's sma one working at mcdonald's, minimum wage, they pass the, you know, price on to the consumer. so -- again, i can -- we can probably get, you know, 50 economists on either side telling us why it is good or bad. then also businesses like you say -- >> you won't get a b
these are the jobs that growing in our economy. you know. the good paying jobs of yesterday have gone and a lot of them are not coming back. the public sees all of this. and so they -- that's why they support raising the minimum wage by so much. where is the opposition? you know. it is with lawmakers. >> also, interest groups. >> yes. let me say i was doing a lot of reading on minimum wage and sort of where people fall on this. i could probably, you know, yesterday i saw -- talking...
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Feb 16, 2013
02/13
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >>> some headlines making news out on the west coast, "the los angeles times" has an article titled "police, others expand use of drones" about how federal authorities are stepping up efforts to license surveillance aircraft for law enforcement and other uses. it's spurring growing concern about violations of privacy. the faa estimates that once the nation's airspace is open to drone traffic, 10,000 of the aircraft could be in the air by 2020. >>> and the salt lake tribune has this headline, having a baby, wait for good air. it's about utah's poor air quality during the winter months and how it affects pregnancy. new research links air pollution to negative b
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >>> some headlines making news out on the west coast, "the los angeles times"...
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Feb 18, 2013
02/13
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if you combine that with health care, saving the economy, i think that would be big -- >> and also -- >> he's done equality, doma, getting rid of that, getting rid of the don't ask don't tell, pushing towards pretty much equality in marriage all the way, almost there, and then health care, of course, historic because every democrat since truman -- since roosevelt has been trying to do it. gee grades himself on a tough curve. i remember when i visited him in his senate office years ago. the pictures he had on the wall were gandhi, lincoln, muhammad ali, and thurgood marshall. >> where was hannibal? >> hannibal wasn't there. but thurgood marshall was there, ali was there, gandhi was there, lincoln was there. that's the way he thinks of himself and i think he's going to strive very hard to reach those goals that joy talked about. also more prosaically, he's got to make sure health care gets properly implemented. because if it doesn't -- and it's moving in his direction. >> right. >> and he plays -- you know, he's patient. one of the things about this president, he'll always be known for
if you combine that with health care, saving the economy, i think that would be big -- >> and also -- >> he's done equality, doma, getting rid of that, getting rid of the don't ask don't tell, pushing towards pretty much equality in marriage all the way, almost there, and then health care, of course, historic because every democrat since truman -- since roosevelt has been trying to do it. gee grades himself on a tough curve. i remember when i visited him in his senate office years...
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Feb 23, 2013
02/13
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what's with the political economy of florida and pennsylvania, pennsylvania is actually a very old state. 600,000 people. it's a blue state. it has a republican governor, but in national elections, it votes quite reliable. how can you get away with this, i guess? what are the politics that the same hospital association folks aren't going to come and beat down this door? >> right now, the state has in-state senate are republican controlled. at the state level right now having re-elected overwhelmingly president obama in the last election. and i think what's been tough to understand in pennsylvania that governor corbett is really not sharing his analysis publicly. there's been reports issued with numbers in them, but we have not seen the data on some which of those analyses were based. in fairness, governors do have to make sure they have a balanced budget, particularly the first three year, essentially across the state, nothing. and very importantly, the law's written in such a way that should that federal fund going away, that governors can pull back on the expansion. so this is not a on
what's with the political economy of florida and pennsylvania, pennsylvania is actually a very old state. 600,000 people. it's a blue state. it has a republican governor, but in national elections, it votes quite reliable. how can you get away with this, i guess? what are the politics that the same hospital association folks aren't going to come and beat down this door? >> right now, the state has in-state senate are republican controlled. at the state level right now having re-elected...